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The Reserve Bank on Wednesday proposed changes to rules governing banks’ foreign exchange positions. The amendments to net open position (NOP) were made following a comprehensive review of the existing instructions, according to an official statement. NOP refers to the difference between banks’ total foreign currency assets and liabilities, revealing their exposure to currency fluctuations…
Sovereign Gold Bonds carry a fixed interest rate of 2.50% per annum. (AI image) Sovereign Gold Bonds returns: With gold prices rallying strongly in the last few years, investors in Sovereign Gold Bonds or SGBs are looking at bumper returns! One such SGB is delivering a whopping return of over 300%!The RBI has released the…
NEW DELHI: Income tax refunds have declined 16% so far this year as authorities have built filters for payments above a specified threshold to guard against frauds.Latest data released by the Central Board of Direct Taxes on Monday showed that between April and Oct 12, gross direct tax collections were 2.4% higher at Rs 13.9…
Gold is still poised to continue its bull run as it may test a level $ 3,950 – 4,000 per oz in spot markets by the end of 2025. (AI image) Gold price prediction today: Gold and silver prices are poised for a long-term bull run, though there may be short term volatility due to…
